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Sep 17, 2012
09/12
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that's a big problem. >> what's unique about the united states is the united states has done better over the past 30 years than countries which have decided to keep tax rates high and keep their industries regulated. by lowering marginal tax rates, by deregulating has given the u.s. a huge advantage over countries that haven't. >> the times we did best of all is when bill clinton was president. i think we ought to have the same tax rates we had when bill clinton was president. >> can we get spending down to 18% of gdp like bill clinton? does that come with that? >> i'd be happy to do that as long as we could raise taxes to the way -- >> the president would not. >> last word. >> the fact of the matter is that all this talk about tax cuts is nonsense. it advantages a particular group of people who are already at an advantage. >> that's class warfare. >> it's fitting we end on an equality note given what's happening outside the doors of this exchange. >> be careful. >> governor, j.p., thank you guys. see you next time. >>> when we come back, banks getting a boost from qe-3 but pulling back
that's a big problem. >> what's unique about the united states is the united states has done better over the past 30 years than countries which have decided to keep tax rates high and keep their industries regulated. by lowering marginal tax rates, by deregulating has given the u.s. a huge advantage over countries that haven't. >> the times we did best of all is when bill clinton was president. i think we ought to have the same tax rates we had when bill clinton was president....
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Sep 4, 2012
09/12
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we've got manufacturing contracting here in the united states. yesterday, we learned it's contracting in the china for the first time since november and in europe, it continues to contract. and yet, you think that the market is well supported here, why? >> i think it's going to be a range bound market. i think right now, we're in the tougher end of the range. there are two things that are supporting the market. one, there is an economic value to entities and so the lbo or acquisition value is providing support. to the extent companies return cash to shareholders, that offers some support. >> do you see many acquisitions in the market at the moment? >> no, and that's one of the things that's been surprising and disappointing at the same time. it's interesting. there are areas of the market where you've seen capital flow to economic opportunity. for example, buying single family homes to rent them out. which is an arbitrage that was made available by the decline housing prices you haven't seen a comparable level of activity on the corporate side, w
we've got manufacturing contracting here in the united states. yesterday, we learned it's contracting in the china for the first time since november and in europe, it continues to contract. and yet, you think that the market is well supported here, why? >> i think it's going to be a range bound market. i think right now, we're in the tougher end of the range. there are two things that are supporting the market. one, there is an economic value to entities and so the lbo or acquisition...
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Sep 28, 2012
09/12
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here in the united states, north america things are okay. nike branded sales were up 23% by revenue in north america. at the same time, under armor, luol lieu lemon, they compete very heavily here in the u.s. how concerned should we be about the 23% number and preserving that in future quarters? >> i think that's, you know, a little artificially high because they do have the first year of the nfl license. that is a new business for them so that is propping up the number a little bit on a year over year basis but overall even when you exclude that they have very strong double digit numbers well into the teens and i think nike is competing as well as under arm our or lulu in the women's category in the u.s. no question. >> yeah. in terms of china, michael, i wonder if you think there is hope there because future orders were down so significantly. what can nike do if anything or is it simply a macro story we have to sit back and wait for the china economy to do better? >> that is part of it. you can't let them off the hook on that. i think they
here in the united states, north america things are okay. nike branded sales were up 23% by revenue in north america. at the same time, under armor, luol lieu lemon, they compete very heavily here in the u.s. how concerned should we be about the 23% number and preserving that in future quarters? >> i think that's, you know, a little artificially high because they do have the first year of the nfl license. that is a new business for them so that is propping up the number a little bit on a...
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Sep 11, 2012
09/12
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when it comes to the united states, the list is long. in front of an election i saw some young people a couple days ago and a question was put forth how do you define freedom? the young kids i think they were first or second grade had the same answer. the right to pick and choose how you want to live. but whether it's the light bulbs, whether it's the kind of cars you drive, whether it's which companies make it or not, which companies go through traditional bankruptcies, spent a lot of talk about gm and chrysler. i don't know how far ford would get down the road making a car that sold for $49,000. yes, i'm talking about the volt. that big story yesterday. i'm not saying whether that number is right or not. it gets the point across. the biggest issue of all is when the government takes over things like sally may and fannie and freddie, they limit your choices. they have government girth behind whether can you live in your house and how much it costs if you can't afford it. republican, freed so many about choice. your choice. back to you.
when it comes to the united states, the list is long. in front of an election i saw some young people a couple days ago and a question was put forth how do you define freedom? the young kids i think they were first or second grade had the same answer. the right to pick and choose how you want to live. but whether it's the light bulbs, whether it's the kind of cars you drive, whether it's which companies make it or not, which companies go through traditional bankruptcies, spent a lot of talk...
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Sep 18, 2012
09/12
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united states is great market. south america, we're positioned well in all of them but clearly we're going through a big cycle here. and i think the most important thing we do at ford is to continue to invest like we have in the united states in the toughest of times to invest so we'll be here when the economy comes back. >> ford ceo alan mull laully joining us live on "squawk on the street." >> with the fusion hybrid. >> first on cnbc during power lunch coming up at 1:00. back to you. >> thank you very much. >> way to roll, phil. as was said phil will sit down with ford motor company's alan mulally. >> did you see the sales are down 29% year on year. down by almost a third. that's astounding. everybody's crushed. gm is down. everyone is down. but the situation for august is really bad, really bad. >> it appears the be strong, pretty robust. >> i think they're down 8.5% for august. it is deteriorating. >> that is true. absolutely true. when we come back, david fash exclusive. five-star portfolio manager, steven wal
united states is great market. south america, we're positioned well in all of them but clearly we're going through a big cycle here. and i think the most important thing we do at ford is to continue to invest like we have in the united states in the toughest of times to invest so we'll be here when the economy comes back. >> ford ceo alan mull laully joining us live on "squawk on the street." >> with the fusion hybrid. >> first on cnbc during power lunch coming up at...
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Sep 25, 2012
09/12
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>> i spent 20 years opening charter schools in the united states and remain very involved in the education reform movement. reform can come from many places. one of the great advantages of private education is you have complete freedom from most regulations, from most union situations to really innovate. i like to say, there are no patents in education. the things we do will travel to schools all over the world. >> it is for profit, we should make that point. how much money can you make in this business? >> we raised $75 million of equity, which we invested in our new york campus. as we go forward, we'll be raising other equity worldwide. in order to do that, we have to produce returns that are attractive to the private equity backers that we are supported by. >> and i would imagine given what manhattan incomes are like, you have pricing power, as we like to say in business news. >> we're priced literally where the other schools in the school are priced. that's a similar strategy that we'll use worldwide. we basically took the average of the top 15 schools and priced it at that point. >> w
>> i spent 20 years opening charter schools in the united states and remain very involved in the education reform movement. reform can come from many places. one of the great advantages of private education is you have complete freedom from most regulations, from most union situations to really innovate. i like to say, there are no patents in education. the things we do will travel to schools all over the world. >> it is for profit, we should make that point. how much money can you...
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Sep 10, 2012
09/12
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states and other parts of the world rally off the back of this notion of china stimulus, are all those things built on false expectations? >> we need to look at those charts. and most of those charts have fallen very sharply in the last two months. so what we experience through our trading book on friday with short coverings, we didn't see long-only investors coming in and buying stocks this morning. what i do think is different and you've highlighted that asia has recovered -- talking about a recovery -- the local investors do seem to be more excited by this new story than we've seen for some period of time. particularly noting that cement stocks rallied quite hard today in shanghai. so that is interesting that the local investors are somewhat more enthused about this story than we've seen for months. >> okay. adrian, thank you so much for phoning in. we appreciate it. adrian mowat of jpmorgan. >>> it's interesting this morning that stocks are essentially hanging on to the sharp gains that they made last week. clearly hopes are high that the fed will announce further monetary easing t
states and other parts of the world rally off the back of this notion of china stimulus, are all those things built on false expectations? >> we need to look at those charts. and most of those charts have fallen very sharply in the last two months. so what we experience through our trading book on friday with short coverings, we didn't see long-only investors coming in and buying stocks this morning. what i do think is different and you've highlighted that asia has recovered -- talking...